STOCK EXCHANGE RELEASE June 17, 2013 at 12.00 P.M.
WULFF ADJUSTS ITS ESTIMATE 2013
The markets have not improved as expected and the demand for Wulff’s products has decreased from last year. Based on the Group management’s recent outlook for 2013, it seems probable that the last year’s operating profit level will not be reached. The cost-efficiency improvement actions have been taken as planned and the Group concentrates on the internal actions with the strongest effect on profitability. Typically in the industry, the annual profit is made in the last quarter of the year. In 2012, the Group’s net sales totalled EUR 90 million and operating profit reached EUR 1.1 million.
In its first interim report 2013, Wulff Group Plc estimated that no significant market changes are expected in 2013 and the Group aims to improve profitability through its own actions.
Wulff publishes its interim report for January-June 2013 on Tuesday August 6, 2013.
In Vantaa on June 17, 2013.
WULFF GROUP PLC
BOARD OF DIRECTORS
CEO Heikki Vienola
tel. +358 9 5259 0050 or mobile: +358 50 65 110
NASDAQ OMX Helsinki Oy
Wulff Group Plc is an increasingly international listed company as well as the most significant Nordic player in office supplies and an industry pioneer. Wulff sells and markets office supplies, facility management products, business and promotional gifts, IT supplies as well as ergonomics and first aid products. Customers can also acquire international fair services from Wulff. In addition to Finland, Wulff operates in Sweden, Norway, Denmark and Estonia. The customers are attended to personally by approx. 350 business-to-business sales professionals and also at Wulff’s stores in Helsinki, Turku and Lahti. In addition to versatile customer specific services, the Group serves its customers online with a non-exclusive webstore Wulffinkulma.fi.